Newspaper publisher Metroland offers creditors 13 cents on the dollar for $70-million debt

Newspaper publisher Metroland offers creditors 13 cents on the dollar for $70-million debt

Upworthy

Published

Regional newspaper publisher Metroland Media Group Ltd. is offering to pay its unsecured creditors 13 cents on the dollar in an effort to keep from going bankrupt. Legal documents show that the company’s readership and revenue have been dropping by more than 10 per cent each year for the past…

#torontostar #torstar #laid #wepp #metroland #nordstarcapitallp #uniforlocal #ontario #oakville #perth

Full Article